Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 pounds of oysters in August. The companys flexible budget for August appears below:

Quilcene Oysteria
Flexible Budget
For the Month Ended August 31
Actual pounds (q)		7,600
Revenue ($4.20q)	$	31,920
Expenses:
Packing supplies ($0.35q)		2,660
Oyster bed maintenance ($3,600)		3,600
Wages and salaries ($2,200 + $0.45q)		5,620
Shipping ($0.70q)		5,320
Utilities ($1,220)		1,220
Other ($450 + $0.01q)		526
Total expense		18,946
Net operating income	$	12,974

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,600
Revenue	$	26,600
Expenses:
Packing supplies		2,830
Oyster bed maintenance		3,460
Wages and salaries		6,030
Shipping		5,050
Utilities		1,030
Other		1,146
Total expense		19,546
Net operating income	$	7,054

Required:

Calculate the companys revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

1B )

Quilcene Oysteria is a company that provides diving services as well such as underwater ship repairs to clients. The companys planning budget for May appears below:

Quiclene Oysteria Planning Budget For the Month Ended May 31
Budgeted diving-hours (q)		250
Revenue ($480.00q)	$	120,000
Expenses:
Wages and salaries ($11,300 + $126.00q)		42,800
Supplies ($5.00q)		1,250
Equipment rental ($2,000 + $26.00q)		8,500
Insurance ($4,200)		4,200
Miscellaneous ($530 + $1.44q)		890
Total expense		57,640
Net operating income	$	62,360

During May, the companys actual activity was 240 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole number.)

Revenue Expenses: Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ 0 0